Words similar to lbo
Example sentences for: lbo
How can you use “lbo” in a sentence? Here are some example sentences to help you improve your vocabulary:
It was an LBO.
Thus was Henry Kravis, co-founder of the leveraged-buyout firm Kohlberg Kravis Roberts, introduced to the viewing public in the HBO film version of the 1980s business classic Barbarians at the Gate . The story of KKR's successful but ill-fated LBO of RJR Nabisco, Barbarians offered an indelible portrayal of KKR (and its competitors and allies) as made up of insatiable deal makers and game players.
Since the LBO, which followed a year in which the company saw its earnings drop by 97 percent, Levi's economic performance has been outstanding, thanks in no small part to the rebirth of the 501 Buttonfly and, unfortunately, the remarkable success of Dockers.
But in fact the Regal deal, far from being anomalous, is typical of what KKR has done in the years since the LBO craze came to a screeching halt at the end of the 1980s.
The death of LBO fervor, which in practical terms meant the death of banks' willingness to lend freely to almost anyone, forced KKR to refocus its business around the strongest deals possible.